Green Financing aims to support environment-friendly processes and systems such as cleaner production, waste minimization, resource conservation, and energy efficiency.

Affirming their commitment to promote sustainable development in the Philippines, ASSIST, Development Bank of the Philippines (DBP), European Chamber of Commerce in the Philippines (ECCP) and the Environmental Management Bureau of the Department of Environment and Natural Resources (EMB-DENR) signed a memorandum of agreement for the Green Financing project last April 12, 2012 at the DBP Executive Lounge.

Green Financing aims to support environment-friendly processes and systems such as cleaner production, waste minimization, resource conservation, and energy efficiency. For this project, DBP earmarked 20.6B for industries and local government units to use on green initiatives.

DBP Program Development Head Vice President Paul Lazaro welcomed the attendees, after which ASSIST Managing Director Sreeni Narayanan, EMB-DENR Director Atty. Juan Miguel Cuna ECCP President Hubert D’ Aboville and ADFIAP Secretary General Octavio Peralta signed the partnership agreement.

In his closing remarks, DBP President and CEO Francisco F. Del Rosario Jr. commended the partners for their collaborative effort especially in this effort for sustainable development.